Al Shuaibah: PVH awarded 1.7GW Solar Tracker Supply Contract

Al Shuaibah: PVH awarded 1.7GW Solar Tracker Supply Contract

PVH, announced in a statement that it has signed a major contract with China Energy Engineering Group Co., Ltd (CEEC) to supply 1.7GW for the largest solar project in the MENA region.

The project is located in the Al Shuaibah area of Jeddah City, Makkah Province in Saudi Arabia, and it adds on to the list of many successful projects carried out by the Kingdom to achieve its ‘Vision 2030’ of reducing the use of fossil fuels and leading the global transition towards a clean and green energy system.

Saudi Arabia is committed to the preservation of the environment and has designed an elaborate strategy to generate 50% of its energy from renewable sources by the end of the decade. To this end the government is actively expediting the regional energy transition with a total of 27.3GW of renewable energy in its foreseen pipeline. The Saudi Public Investment Fund (PIF) aims to develop 70 percent of the Kingdom’s renewable energy capacity by 2030 and has invested around SR1.5 trillion (US$400 billion) since 2016 in alternative energy. The Al Shuaibah project represents a total investment of SR8.3 billion ($2.2 billion) in its two phases, with a 2GW solar photovoltaic plant that is expected